LONG BEACH, Calif.--(BUSINESS WIRE)--Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) today announced that its board of directors has declared a regular quarterly cash dividend of $22 per share and a special dividend of $31 per share on the Bank’s common stock.
This year’s special dividend is an increase of $5 per share when compared with last year’s special dividend. Both the quarterly and special dividends are payable on December 15, 2015 to shareholders of record as of December 1, 2015.
The declaration represents F&M’s 485th dividend payment, including special dividends. F&M has paid an equal or greater dividend each year to shareholders since 1916.
About Farmers & Merchants Bank of Long Beach
Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank has 24 branches across Orange County, Long Beach and the South Bay. The Bank specializes in commercial and small business banking, business loan programs, home loans, and a robust offering of consumer retail banking products, including checking, savings and youth accounts. Farmers & Merchants Bank is a California state chartered bank with deposits insured by the Federal Deposit Insurance Corporation (Member FDIC) and an Equal Housing Lender. For more information about F&M, please visit the website, www.fmb.com.